In 2020, China's installed capacity of classified power generation is 1246.24 million KW, which is greater than the sum of the capacity of other power generation modes, 955.79 million KW; In terms of capacity growth, the growth rate of power generation in other ways is the highest, but the overall capacity is still small, the growth rate of wind power and photovoltaic is fast, and the growth rate of thermal power, hydropower and nuclear capacity is stable; The power generation capacity of thermal power is 5177 billion kwh, which is twice that of other power generation methods 24493.8; In terms of power generation growth, Cecep Solar Energy Co.Ltd(000591) power generation, wind power and other power generation grew rapidly, while thermal power, hydropower and nuclear power grew steadily. In 2021, affected by disastrous weather, international relations, the "double control and double reduction" policy and other factors, it is difficult for hydropower, Cecep Solar Energy Co.Ltd(000591) power generation, wind power and nuclear power generation to cover the reduced part of thermal power, resulting in "power limitation" and "shutdown" in some areas. We believe that under the main tone of stability and seeking progress in stability in 2022, China's energy consumption will still be dominated by coal, The reduction of thermal power scale will be carried out more orderly and reasonably, focusing on the clean and efficient utilization of coal. The proportion of hydropower, photovoltaic, wind energy and hydrogen power generation will continue to increase steadily, and the scale growth of nuclear power generation is less affected by safety factors.
In December, the industry weight of carbon neutral 300 index remained unchanged. The top five industries were power equipment and new energy, accounting for 47.3%, with a total market value of 5374.678 billion yuan; The basic chemical industry accounts for 10.9%, with a total market value of 1484.58 billion yuan; The non-ferrous metal industry accounts for 9.0%, with a total market value of 1072.42 billion yuan; The power and public utilities industry accounted for 8.3%, with a total market value of 2267.375 billion yuan; The automobile industry accounts for 7.5%, with a total market value of 2231.78 billion yuan. According to the data for the whole year of 2021, 20 of the 22 industries in the carbon neutral 300 index rose, 9 industries increased by more than 20%, 5 industries increased by more than 40%, and 2 industries fell (agriculture, forestry, animal husbandry and fishery industry decreased by 5.86% and household appliances industry decreased by 16.84%). The top five industries were power equipment and new energy, basic chemicals, non-ferrous metals, coal and iron and steel, The proportions were 54.07%, 50.13%, 48.57%, 43.79% and 42.61% respectively.
2021 is not only the tenth year of China's pilot carbon market, but also the first year of the opening of the national carbon emission trading market. The first batch of 2162 key emission units in the power industry are included in the national carbon market, covering an annual greenhouse gas emission of more than 4.5 billion tons of carbon dioxide. It is the largest carbon emission trading market in the world. On December 31, The first performance cycle of the national carbon emission trading market ended. According to the 2021 annual data of the national carbon market (July 16 - December 31), the trend of CEA is relatively stable. The annual trading volume of listing agreement transactions is 30.7746 million tons, with a total turnover of 1.451 billion yuan. The highest transaction price is 62.29 yuan / ton, the lowest price is 38.50 yuan / ton, and the closing price on December 31 is 54.22 yuan / ton, up 12.96% from the opening price of 48.00 yuan / ton on the first day of launch; The annual trading volume of block agreements is 148014800 tons, with an annual turnover of 6.210 billion yuan.
Risk tips: policy promotion is not as expected, disaster weather and epidemic situation are repeated
